Image Recognition Market: Industry Growing With Highest CAGR of +20.3% In 2018-Dominated By Qualcomm Technologies Inc., NEC India Pvt. Ltd., Google Inc., JASTEC Co., Catchoom and Forecast to 2024

Image Recognition Market – Industry Trends and Forecast to 2024
Image Recognition Market, By Geography; Technology (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition); Component (Hardware, Software, Services); Application; Deployment Type; Industry – Industry Trends and Forecast to 2024

Data Bridge Market Research Adds “Global Image Recognition Market – Industry Trends and Forecast to 2025” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it.

The report Global Image recognition Market by key players highlights the essential market dynamics of Global Image recognition Market sector. The efficiency of this segment has been studied deeply along with the noteworthy challenges and forthcoming growth opportunities and prospective. The report focuses in decision making abilities and supports to make effective counter strategies in order to achieve competitive advantage. Current market scenario of the segment and forecasts of the market situation have also been bounded in this market report.

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Report Analysis: Global Image Recognition Market

Global Image Recognition Market accounted for USD 16.2 billion in 2016 growing at a CAGR of 20.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Company Share Analysis: Global Image Recognition Market

The report for image recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Image Recognition Market

Some of the major players of the global image recognition market are:-

  • Qualcomm Technologies Inc.,
  • NEC India Pvt. Ltd.,
  • Google Inc.,
  • JASTEC Co.,
  • Catchoom,
  • Honeywell International Inc.,
  • Hitachi Ltd.,
  • Slyce,
  • Wikitude GmbH,
  • Attrasoft Inc.,
  • itraff,
  • Apple Inc.,
  • Facebook Inc.,
  • Twitter Inc,
  • Google Inc., and others.

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Major Market Drivers & Restraints:

  • Increasing use of image recognition applications
  • Increasing demand for security applications and products enabled with image recognition functions
  • Technology acceptance by various companies in different verticals
  • Increasing use of high bandwidth data services
  • High cost of installation of image recognition systems

Market Segmentation: Global Image Recognition Market

The global image recognition market is segmented on the basis of technology into code recognition, digital image processing, facial recognition, object recognition, pattern recognition, and optical character recognition.

On the basis of component, the global image recognition market is segmented into hardware, software and services. The services segment is further segmented into managed services, professional services, training, support, and maintenance services.

On the basis of application, the global image recognition market is segmented into scanning & imaging, security & surveillance, image search, augmented reality, and marketing & advertising.

On the basis of deployment type, the global image recognition market is segmented into on-premises, and cloud.

On the basis of industry, the global image recognition market is segmented into banking, financial services and insurance, media & entertainment, retail & consumer goods, IT & telecom, government, healthcare, transportation & logistics. The others segmented is further sub segmented into education, and gaming.

On the basis of geography, the global image recognition market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.

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